SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway.
Flawless balance sheet average dividend payer.
Share Price & News
How has SpareBank 1 Nord-Norge's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NONG's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NONG exceeded the Norwegian Banks industry which returned -7.8% over the past year.
Return vs Market: NONG exceeded the Norwegian Market which returned -12.5% over the past year.
Price Volatility Vs. Market
How volatile is SpareBank 1 Nord-Norge's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StSpareBank 1 Nord-Norge Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
1 month ago | Simply Wall StSpareBank 1 Nord-Norge (OB:NONG) Has Compensated Shareholders With A Respectable 80% Return On Their Investment
2 months ago | Simply Wall StMay Nilsen of SpareBank 1 Nord-Norge (OB:NONG) Just Spent kr52k On Shares
Is SpareBank 1 Nord-Norge undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NONG (NOK64.9) is trading below our estimate of fair value (NOK75.64)
Significantly Below Fair Value: NONG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NONG is poor value based on its PE Ratio (9.1x) compared to the Banks industry average (9x).
PE vs Market: NONG is good value based on its PE Ratio (9.1x) compared to the Norwegian market (12x).
Price to Earnings Growth Ratio
PEG Ratio: NONG is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: NONG is overvalued based on its PB Ratio (0.5x) compared to the NO Banks industry average (0.4x).
How is SpareBank 1 Nord-Norge forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NONG's forecast earnings growth (12% per year) is above the savings rate (1.6%).
Earnings vs Market: NONG's earnings (12% per year) are forecast to grow slower than the Norwegian market (34.9% per year).
High Growth Earnings: NONG's earnings are forecast to grow, but not significantly.
Revenue vs Market: NONG's revenue (1.7% per year) is forecast to grow slower than the Norwegian market (4.8% per year).
High Growth Revenue: NONG's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NONG's Return on Equity is forecast to be low in 3 years time (10.3%).
How has SpareBank 1 Nord-Norge performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NONG has a high level of non-cash earnings.
Growing Profit Margin: NONG's current net profit margins (19.8%) are lower than last year (24.2%).
Past Earnings Growth Analysis
Earnings Trend: NONG's earnings have grown significantly by 27.3% per year over the past 5 years.
Accelerating Growth: NONG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NONG had negative earnings growth (-25.2%) over the past year, making it difficult to compare to the Banks industry average (-1.4%).
Return on Equity
High ROE: NONG's Return on Equity (11.5%) is considered low.
How is SpareBank 1 Nord-Norge's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NONG's Assets to Equity ratio (8.6x) is low.
Allowance for Bad Loans: NONG has a sufficient allowance for bad loans (139%).
Low Risk Liabilities: 69% of NONG's liabilities are made up of primarily low risk sources of funding.
Loan Level: NONG has an appropriate level of Loans to Assets ratio (70%).
Low Risk Deposits: NONG's Loans to Deposits ratio (115%) is appropriate.
Level of Bad Loans: NONG has an appropriate level of bad loans (0.5%).
What is SpareBank 1 Nord-Norge's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NONG's dividend (6.16%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.94%).
High Dividend: NONG's dividend (6.16%) is low compared to the top 25% of dividend payers in the Norwegian market (6.93%).
Stability and Growth of Payments
Stable Dividend: NONG's dividend payments have been volatile in the past 10 years.
Growing Dividend: NONG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.9%), NONG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NONG's dividends in 3 years are forecast to be covered by earnings (54.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ms. Liv Bortne Ulriksen serves as Group Chief Executive Officer at SpareBank 1 Nord-Norge since May 12, 2020 and had been its Acting Chief Executive Officer since February 26, 2020 until May 12, 2020. She ...
CEO Compensation Analysis
Compensation vs Market: Liv's total compensation ($USD240.11K) is below average for companies of similar size in the Norwegian market ($USD534.14K).
Compensation vs Earnings: Liv's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||0.33yr||kr2.27m||0.084% NOK5.5m|
|Chief Financial Officer||1.17yrs||kr3.54m||0.014% NOK925.9k|
|Chief Technology Officer||2.58yrs||kr3.02m||0.078% NOK5.1m|
|Compliance Manager||no data||kr1.02m||no data|
|Chief Marketing Officer||0.42yr||kr2.18m||0.036% NOK2.3m|
|Chief of Staff||0.42yr||kr1.54m||0.0015% NOK101.0k|
|Executive Vice President of Corporate Banking||2.58yrs||kr2.49m||0.079% NOK5.2m|
|Executive Vice President of Personal Banking||2.58yrs||kr1.90m||0.079% NOK5.1m|
|Director of SNN Markets||7.42yrs||kr2.04m||no data|
|Chief Communications Officer||no data||no data||0.0047% NOK308.2k|
Experienced Management: NONG's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NONG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SpareBank 1 Nord-Norge's company bio, employee growth, exchange listings and data sources
- Name: SpareBank 1 Nord-Norge
- Ticker: NONG
- Exchange: OB
- Founded: 1836
- Industry: Regional Banks
- Sector: Banks
- Market Cap: kr6.516b
- Shares outstanding: 100.40m
- Website: https://www.sparebank1.no/nb/nord-norge
Number of Employees
- SpareBank 1 Nord-Norge
- Sjøgata 8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NONG||OB (Oslo Bors)||Yes||Primary Capital Certificates||NO||NOK||May 1994|
|0J1N||LSE (London Stock Exchange)||Yes||Primary Capital Certificates||GB||NOK||May 1994|
|SPXX.F||OTCPK (Pink Sheets LLC)||Yes||Primary Capital Certificates||US||USD||May 1994|
|NONGO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Primary Capital Certificates||GB||NOK||May 1994|
|93S||DB (Deutsche Boerse AG)||Yes||Primary Capital Certificates||DE||EUR||May 1994|
SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. The company offers various savings, lending, and insurance products, as well as payment services. Its activities also include hedging instruments and trading in interest rate and currency instruments; hedging instruments in the commodity derivatives market; sale of Norwegian bonds and certificates, as well as bond market issues; purchase and sale of equities and fund units; and provision of corporate finance, as well as trading and investment advice services. In addition, the company is involved in leasing, consumer financing, real estate brokerage, and accounting operations. It operates through a network of 38 offices across 36 municipalities in Nordland, Troms, Finnmark, and Svalbard. The company was founded in 1836 and is headquartered in Tromsø, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 10:09|
|End of Day Share Price||2020/06/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.